Highest officials from China and US have begun to find the way their trade differences, Actually, to known steps that address the concerns of US President Donald Trump on intellectual property and reducing the balance of trade, a broadcasting reports said. Treasury Secretary Steven Mnuchin and US Trade Represent Robert Lighthizer held a teleconference with Chinese Vice Premier Liu He Monday night. The Wall Street Journal announced. Tuesday morning, Trump, unless referring to the teleconference, said that notable progress was being made.
Following by the Wall Street Journal, sharp differences remain between the two countries, although China has agreed to take a little measure like reducing auto tariffs and buying more American products.
Since, two weeks, “Trump and his Chinese counterpart Xi Jinping met in Argentina on the sidelines of the G-20 Summit”. Throughout their dinner meeting, the two leaders agreed to come out with a solution in the next 90 days. Until Trump decided to give a pause to another import tariffs on Chinese products.
“Trump said” In a tweet in the morning after the first of the noted between the officials of the two countries. “Very productive conversations going on with China! Watch for many important announcements!”
“Mr. Liu said” Beijing would decrease tariffs on US autos to 15%, down from 40%, said people closely with the call,” the daily reported. It was uncertain when the change would take effect, but Washington was pushing Beijing to make the concessions as soon as possible, included. Follow by the Wall Street Journal, sharp differences remain between the two countries, but China has agreed to take little measures like reducing auto tariffs and buying more American products.
“The Wall Street Journal said” the US was arranging additional measures against China. Many of those being using export controls, indictments, and other tools to counter the theft of intellectual property.
Meantime, Democratic Senator Bob Menendez, elder member of the Senate Committee on Housing, Banking, and Town Affairs and Hierarchy Member of the Senate Foreign Association Committee, Tuesday asked Treasury Secretary Steve Mnuchin and Commerce Secretary Wilbur Ross to explains how a Chinese state-owned firm was able to use offshore companies to acquire restricted American technology potentially.
December 4 articles in the Wall Street Journal, the China Orient used subsidiaries and third offshore gathering to evade US export control laws and acquire many stakes in a US company seeking to purchase a US-made satellite.
Menendez sent the secretaries a list of 13 information questions about the transaction and urged them to provide briefings on any analysis of the assign.
Menendez said. “Poor to review and another similarly situated transactions, different Chinese state-owned entities may achieve footholds in sensitive technologies, poses a notable warning to the US national security.”